Bank of N. T. Butterfield & Son Limited reported net income of $61.1 million for the third quarter of 2025, up from $53.3 million in the previous quarter and $52.7 million in the third quarter of 2024. Core net income for the period reached $63.3 million, compared to $53.7 million in the prior quarter and $52.8 million a year earlier. The return on average common equity was 22.5% in the third quarter of 2025, compared to 20.3% in both the previous quarter and the same period last year. The core efficiency ratio improved to 56.2% from 61.1% in the prior quarter and 60.2% in the third quarter of 2024. Average deposits for the quarter were $12.6 billion, slightly down from $12.7 billion in the previous quarter. Tangible book value per share at the end of the third quarter was $25.06, compared to $23.77 at the end of the prior quarter and $21.70 at December 31, 2024. The Board declared a quarterly cash dividend of $0.50 per common share to be paid on November 25, 2025, to shareholders of record as of November 11, 2025. During the quarter, 0.7 million common shares were repurchased under the existing share repurchase program.